THE CHINA MAIL, NOVEMBER 1, 1939.
CHUNGKING
SAVINGS
CLAIM
AGAINST
LOAN OFFER STEAMSHIP
Chungking, To-day.
an-
The Ministry of Finance in a proclamation nounces the institution of fixed savings in foreign cur- rencies as a further step to encourage savings and pro- vide capital for national re- construction.
the
British, American, French and other foreign currencies approved by the Ministry may be deposited in either of the four government banks, the Central Bank, the Bank of China, the Bank of Communications and Farmers' Bank.
Repayment of principal and pay- ment of inferest will be in the cur- rency deposited. Rates of interest are fixed at 4%, 5%, 6% and 7% for deposits of two, three, four and five years respectively.
WHY TALKS
Vitty
WITH TURKEY Kitty
BROKE DOWN
MOSCOW, TO-DAY,
IN THE COURSE OF HIS SPEECH TO THE SOVIET SUPREME COUN- CIL YESTERDAY, M. MOLOTOV
TIONS
AT THE SUPREME COURT THIS MORNING, MR. ELDON POTTER INSTRUCTED BY MR. E. S. C. BROOKS, K. C.. SUCCESSFULLY PETITIONED ON BEHALF OF CHAN EXPLAINED WHY THE NEGOTIA- CHI-KUAI FOR THE RETURN OF
WITH TURKEY BROKE $34,500, BEING PRINCIPAL ON A MORTGAGE ON THE S. S. GUIA, A THE EMPREZA MERCANTIL CO.
PORTUGUESE SHIP OWNED BY
DOWN.
He stated that the main request of the Soviet Government to Turkey was a guarantee that the Dardanelles would be closed to foreign warships in all circumstances, but Turkey de- clined to accept this condition of an agreement.
The ship was originally owned by Mr. Monterlo, who mortgaged her to the plaintiff for $34,500 at the rate of $600 interest per month. The ship was later sold to Mr. Lobato on con- dition of the same mortgage. being granted. On March 15, the ship was sold to defendant firm and a mort- gage for the same amount with plain-reliable tiff at the same rate of interest.
No interest or principal had been paid since then and, in June this year, by order of the Court, under the Ad- miralty Jurisdiction Act, the ship was arrested and is still under arrest.
The claim was for the return of National currency may also be con- $34,500 being principal, and interest verted into foreign currency at the from March 15 to the date of pay- exchange rate announced, and de-ment, and for an order for the sale of posited in either of the four govern- ment banks or any other Chinese bank undertaking savings with the authorisation of the Ministry,
The maximum amount of deposits of this category is $20,000 national currency. The rates of interests are fixed at 2%, 22% and 3% for de- posits of three, four, and five years respectively.-Central News.
BUILDING AUTHORITY SUMMONSES
THE HOMUNTIN LAND INVEST- MENT COMPANY AND TWENTY- THREE OTHERS WERE THIS MORNING INDIVIDUALLY SUM- MONED BEFORE MR. Q. A. A. MAC- FADYEN FOR, BEING REGISTERED OWNERS OF LAND, FAILING COMPLY WITH AN ORDER REMOVE ILLEGAL SHEDS, ERECT- ED WITHOUT THE PERMISSION OF THE BUILDING AUTHORITY.
TO TO
Mr. C. A. S. Russ, Mr. J. M. Re- medios and Mr. H. K. Wu. appeared for the defence and Mr. E. G. Curtis for the prosecution.
It was stated that the land con- cerned was in Po Kong Village, Shek Ki Mei Village, Argyle Street, Homuntin and Chuk Yuen Village, where, it was stated, Government is intending to re-enter.
The solicitors this morning strong- ly objected the official action on the ground that the owners had, in any case, the right to remain on the land. Petitions have, according to the soli- citors, been sent to the Governor in Council.
Mr. Curtis said that the sheds should not have been erected in the first place as no permission had been issued. The land was leased for agriculture and not for building.
The summonses were adjourned to 2.30 p.m. on November 24.
THE WRONG MAN
When Lam Tin-shek, of No. 148, Tung Lo Wan Road, second floor, was summoned before Mr. R. A. D. For- rest this morning, for falling to ex- tinguish or screen lights during the "black-out” on September 22, the summons was withdrawn.
Sergeant D. A. Pockson said he was instructed to take out the summons, but the fat in which the lights were observed was not defendant's. Lights were shining through a fanlight. De- fendant had no fanlights in his house.
Ngu Kwal, seaman of the 8.5. Ban- raoch, has reported the theft of 3816 in money, either at Singapore or on- the high sea, on October
the to
Speaking of the pacts with Baltic States, he drew attention their provisions for Soviet naval, mili- tary and air bases in the three coun- tries, and that this was necessary for defence, not only for the Union.-Reuter. States themselves but also for Soviet
the ship
and payment of the claim from the proceeds.
but ordered a stay of execution for The chief Justice granted the claim
three weeks. Costs for the plaintiff were awarded.
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